Get Ready For The Olympic Spendathon

That’s the headline on one local news report today after South Korea won its bid to host the 2018 Winter Olympic Games.

As well as possibly being an unintended reference to the lack of snow that sometimes creates problems for skiers in Pyeongchang, it refers to the roughly 20 trillion won ($19 billion) in government investment expected over the next seven years to make the games a success.